Trouble understanding how to formulate rhis problem

  • Context: Undergrad 
  • Thread starter Thread starter angel
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Discussion Overview

The discussion revolves around formulating a problem related to maximizing revenue from two products, A and B, based on their production quantities and profit margins. Participants are exploring how to structure the problem given the provided data on sales and profits.

Discussion Character

  • Homework-related, Exploratory, Technical explanation

Main Points Raised

  • One participant seeks assistance in formulating a problem to maximize revenue from products A and B based on their production and profit data.
  • Another participant questions the clarity of the initial inquiry, suggesting that the problem lacks a specific question to address.
  • A third participant emphasizes the goal of maximizing revenue but expresses uncertainty about how to structure the problem effectively.
  • One participant argues that there may not be enough information to formulate the problem, noting the contradiction of decreasing production while increasing revenue.

Areas of Agreement / Disagreement

Participants do not appear to reach a consensus on how to formulate the problem, with some expressing uncertainty about the adequacy of the information provided.

Contextual Notes

The discussion highlights potential limitations in the data provided, such as the relationship between production quantities and profit margins, which may affect the formulation of the problem.

angel
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hi,

im having a bit of trouble understanding how to formulate rhis problem, can someone please help me?
the problem is:

there are two types of product A and B.

In a monthly prod. the shop makes 16 of A when it makes a profit of £1000 per model, and this drops to 12 when the profit is increased £1200.
Also they sell 20 of B, when their profit is £1400 per model, and when they increase the profit to £2100 they sell only 10.

how do i formulate this problem?
 
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The first question you have to ask - what are you trying to determine? Your statement gives information, but no question.
 
well I am trying to maximise the revenue,
so i have to formulate this problem. that's what I am stuck on.
 
It looks to me that you don't have enough information to formulate the problem. Decreasing production while increasing revenue can only take you so far.
 

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